Goodwin Procter attorneys advised Reliant Hospital Partners in its announced $730 million sale to HealthSouth Corporation. The cash transaction is expected to close in 2015. Reliant Hospital Partners, which operates 11 inpatient rehabilitation hospitals and three satellite locations, is a portfolio company of Nautic Partners.
Reliant Hospital Partners is based in Richardson, Texas and operates facilities in Texas, Ohio and Massachusetts with a combined 902 beds.
HealthSouth is one of the nation's largest providers of post-acute healthcare services, offering both facility-based and home-based post-acute services in 33 states and Puerto Rico through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies. The company is based in Birmingham, Ala. And is traded on the New York Stock Exchange under ticker “HLS.”
The Goodwin team advising Reliant was led by partners John LeClaire and Adam Small, and included associate Andy Lock, partner Mark Kirshenbaum (Tax), partner Scott Webster and associate James Mattus (ERISA & Executive Compensation), partner Rob Hale and associate Tim Holahan (Labor & Employment) and partner Joel Lehrer (IP).
To learn more, please read the HealthSouth press release.